Congo’s Minister of Finance will speak at upcoming factoring conference organised by FCI and Afreximbank

Categories: Press Releases, Press Releases

Brazzaville, Republic of Congo, Tuesday, 10 May 2022: FCI and African Export-Import Bank (Afreximbank) are proud to announce the confirmation of the presence of the Minister of Finance and Budget and Public Portfolio of the Republic of Congo at the upcoming Central Africa Regional Promotion Conference on Factoring. Mr Rigobert Roger ANDELY will deliver the Opening Remarks.

Mr. Rigobert Roger Andely is a Congolese statesman, central banker, and academic specializing in monetary and banking economics. He was respectively Vice-Governor of the Bank of Central African States from 1998 to 2002, then from 2005 to 2010, Minister of Economy, Finance and Budget of the Republic of Congo from 2002 to 2005, Chairman of the Board of Directors of the Banque sino-congolaise pour l’Afrique (BSCA) from 2015 to 2021, and Chairman of the Regulatory Council of the Autorité de régulation des marchés publics (ARMP) from 2011 to 2021.

The Central Africa Regional Promotion conference on Factoring will take place at the Grand Hotel de Kintélé in Brazzaville, Republic of Congo, on 12-13 May 2022. Supported by the National Office of the Bank of Central African States (BEAC) and Banque Postale du Congo, this event aims to strengthen regional knowledge and awareness of factoring in the Central Africa region. It will also provide an opportunity to raise awareness and understanding of the recently enacted factoring law in the Republic of Congo.

The two-day event will feature highly respected government officials, local industry players and experts from FCI and Afreximbank who will discuss several topics such as factoring and cross border factoring, factoring law, opportunities & challenges facing the receivables finance industry, the various available financing solutions & techniques, key requirements for setting up factoring activities, credit insurance as well as how factoring helps SMEs. The conference includes presentations, panel discussions and Q&A sessions.

To find out more and register today, visit the FCI website here.

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About FCI

FCI is the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables. FCI was set up in 1968 as a non-profit global association. With today close to 400 member companies in more than 90 countries, FCI offers a unique network for cooperation in cross-border factoring. Member transactions represent nearly 60% of the world’s international correspondent factoring volume.

FCI is a non-exclusive organization, open to any company which is providing Factoring Services or plans to set up Factoring Activities but also to service providers to the industry.

FCI offers three major areas of activities:

  • CONNECT: the Business network supports cross-border factoring activities through which its members cooperate as export and import factors
  • EDUCATE: FCI promotes and develops best practices in both domestic and international factoring and related Open Account Finance products
  • INFLUENCE: FCI promotes and defends the Industry with stakeholders and policy makers worldwide

For more information, visit www.fci.nl 

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About Afreximbank

African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Afreximbank deploys innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Afreximbank is working with the AU and the AfCFTA Secretariat to develop an Adjustment Facility to support countries in effectively participating in the AfCFTA. At the end of 2021, the Bank’s total assets and guarantees stood at US$24.8 billion, and its shareholder funds amounted to US$4 billion. Afreximbank disbursed more than US$51 billion between 2016 and 2021. The Bank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.afreximbank.com.

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